Insperity, Inc. (NSP) Shares Bought by Allianz Asset Management GmbH
Allianz Asset Management GmbH grew its stake in Insperity, Inc. (NYSE:NSP) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,139 shares of the business services provider’s stock after buying an additional 11,469 shares during the quarter. Allianz Asset Management GmbH owned 0.77% of Insperity worth $14,180,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Suntrust Banks Inc. lifted its position in shares of Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock worth $244,000 after purchasing an additional 53 shares in the last quarter. Albion Financial Group UT raised its position in Insperity by 1.8% during the second quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock worth $238,000 after acquiring an additional 60 shares in the last quarter. Alps Advisors Inc. raised its position in Insperity by 1.5% during the second quarter. Alps Advisors Inc. now owns 5,868 shares of the business services provider’s stock worth $417,000 after acquiring an additional 86 shares in the last quarter. Renaissance Group LLC raised its position in Insperity by 2.4% during the second quarter. Renaissance Group LLC now owns 4,010 shares of the business services provider’s stock worth $285,000 after acquiring an additional 93 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Insperity by 2.7% during the second quarter. Wedge Capital Management L L P NC now owns 3,598 shares of the business services provider’s stock worth $255,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Several analysts have issued reports on NSP shares. Robert W. Baird reaffirmed a “buy” rating and set a $112.00 price target on shares of Insperity in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and set a $110.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Insperity currently has a consensus rating of “Hold” and a consensus target price of $101.20.
Shares of Insperity, Inc. (NYSE:NSP) traded down $0.20 on Thursday, hitting $115.15. 93,300 shares of the stock traded hands, compared to its average volume of 140,796. The company has a market capitalization of $2,404.22, a price-to-earnings ratio of 30.84, a PEG ratio of 1.59 and a beta of 0.92. Insperity, Inc. has a 52 week low of $69.20 and a 52 week high of $118.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16.
Insperity’s stock is set to split on the morning of Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly created shares will be payable to shareholders after the market closes on Friday, December 15th.
Insperity (NYSE:NSP) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.16. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The business had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. During the same period in the prior year, the company posted $0.78 earnings per share. Insperity’s revenue was up 13.2% compared to the same quarter last year. sell-side analysts expect that Insperity, Inc. will post 4.03 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 1st. Insperity’s dividend payout ratio (DPR) is presently 32.35%.
Insperity announced that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, EVP Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $117.01, for a total value of $585,050.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Arthur A. Arizpe sold 2,800 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $86.65, for a total transaction of $242,620.00. Following the completion of the transaction, the executive vice president now owns 20,853 shares in the company, valued at $1,806,912.45. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 586,667 shares of company stock worth $105,600 and sold 357,209 shares worth $14,933,644. Corporate insiders own 27.47% of the company’s stock.
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Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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